Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Valor Estate
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 623 | 58 | 2 | 68 | 143 | 144 | 7 | 3 | 330 | 537 | 840 | 137 | 529 |
| Expenses + | 1,272 | 103 | 12 | 19 | 63 | 115 | 15 | 181 | 312 | 560 | 870 | 95 | 439 |
| Operating Profit | -649 | -44 | -9 | 49 | 80 | 30 | -8 | -178 | 18 | -23 | -30 | 42 | 90 |
| OPM % | -104% | -76% | -376% | 72% | 56% | 21% | -123% | -5,112% | 5% | -4% | -4% | 31% | 17% |
| Other Income + | 45 | 32 | 6 | 915 | 401 | 9 | 11 | -4 | 11 | 35 | 75 | 1 | 7 |
| Interest | 13 | 20 | 22 | 23 | 5 | 33 | 15 | -8 | 27 | 12 | 18 | 29 | 25 |
| Depreciation | 0 | 0 | 0 | 0 | 14 | 12 | 0 | 0 | 14 | 0 | 0 | 0 | 1 |
| Profit before tax | -617 | -32 | -25 | 941 | 463 | -7 | -13 | -174 | -12 | -1 | 27 | 14 | 71 |
| Tax % | 1% | 29% | 5% | 5% | 0% | 91% | 2% | -36% | -163% | 47% | 48% | 31% | 12% |
| Net Profit + | -623 | -42 | -26 | 894 | 463 | -13 | -13 | -111 | 8 | -2 | 14 | 10 | 62 |
| EPS in Rs | -18.11 | -1.47 | -0.64 | 17.63 | 9.26 | -0.12 | -0.25 | -2.12 | 0.08 | -0.04 | 0.23 | 0.19 | 1.15 |
Financials of Valor Estate
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 318 | 263 | 206 | 141 | 120 | 365 | 169 | 25 | 219 | 698 | 357 | 1,133 | 2,043 |
| Expenses + | 277 | 247 | 265 | 224 | 358 | 466 | 405 | 134 | 317 | 1,413 | 329 | 1,252 | 1,963 |
| Operating Profit | 41 | 17 | -59 | -83 | -238 | -101 | -235 | -109 | -98 | -715 | 28 | -119 | 80 |
| OPM % | 13% | 6% | -29% | -59% | -199% | -28% | -139% | -444% | -45% | -102% | 8% | -11% | 4% |
| Other Income + | 27 | 29 | 140 | 142 | 74 | -34 | 97 | 282 | 527 | 709 | 1,453 | 74 | 118 |
| Interest | 38 | 53 | 86 | 96 | 119 | 160 | 261 | 334 | 286 | 54 | 83 | 93 | 85 |
| Depreciation | 8 | 14 | 14 | 11 | 6 | 2 | 1 | 1 | 1 | 0 | 26 | 53 | 2 |
| Profit before tax | 22 | -21 | -19 | -47 | -289 | -296 | -401 | -162 | 142 | -61 | 1,372 | -191 | 111 |
| Tax % | 27% | -112% | 19% | 57% | 4% | -17% | 10% | 3% | 85% | 49% | 4% | -38% | |
| Net Profit + | 13 | 8 | -23 | -74 | -301 | -247 | -440 | -167 | 22 | -90 | 1,317 | -118 | 84 |
| EPS in Rs | 0.47 | 0.02 | -0.76 | -2.45 | -10.30 | -10.90 | -17.20 | -6.98 | 1.04 | -2.57 | 24.53 | -2.33 | 1.53 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Valor Estate
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 243 | 243 | 243 | 243 | 243 | 243 | 243 | 243 | 259 | 352 | 538 | 538 | 539 |
| Reserves | 3,168 | 3,168 | 2,595 | 2,531 | 2,260 | 1,996 | 1,314 | 1,093 | 1,630 | 1,785 | 4,477 | 4,355 | 3,512 |
| Borrowings + | 658 | 1,195 | 1,307 | 1,549 | 1,734 | 2,095 | 2,191 | 2,501 | 3,721 | 2,978 | 2,223 | 1,900 | 995 |
| Other Liabilities + | 1,441 | 1,863 | 1,850 | 2,188 | 2,409 | 2,648 | 2,949 | 3,508 | 3,152 | 3,332 | 1,925 | 1,754 | 2,090 |
| Total Liabilities | 5,510 | 6,470 | 5,996 | 6,512 | 6,646 | 6,983 | 6,697 | 7,345 | 8,761 | 8,448 | 9,163 | 8,547 | 7,136 |
| Fixed Assets + | 455 | 481 | 243 | 431 | 353 | 348 | 212 | 153 | 75 | 72 | 2,429 | 2,427 | 4 |
| CWIP | 28 | 30 | 30 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 6 | 14 |
| Investments | 1,699 | 1,707 | 1,562 | 1,556 | 1,730 | 1,741 | 1,510 | 1,399 | 1,564 | 1,728 | 800 | 1,290 | 606 |
| Other Assets + | 3,327 | 4,252 | 4,161 | 4,525 | 4,562 | 4,894 | 4,976 | 5,793 | 7,123 | 6,648 | 5,925 | 4,825 | 6,512 |
| Total Assets | 5,510 | 6,470 | 5,996 | 6,512 | 6,646 | 6,983 | 6,697 | 7,345 | 8,761 | 8,448 | 9,163 | 8,547 | 7,136 |
Financials of Valor Estate
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 236 | -208 | -71 | 555 | -40 | -195 | 227 | 95 | -267 | 96 | 237 | 540 |
| Cash from Investing Activity + | -226 | -231 | -394 | -588 | 165 | -36 | -160 | -165 | 275 | -200 | 486 | -689 |
| Cash from Financing Activity + | 1 | 417 | 472 | -94 | -102 | 326 | -63 | 75 | 86 | 52 | 18 | -595 |
| Net Cash Flow | 11 | -22 | 7 | -127 | 22 | 95 | 5 | 5 | 94 | -52 | 741 | -743 |
| Free Cash Flow | 218 | -219 | -79 | 381 | -40 | -191 | 218 | 121 | -263 | 95 | 184 | 436 |
| CFO/OP | 584% | -1,083% | 121% | -670% | 17% | 190% | -109% | -83% | 274% | -14% | 844% | -465% |
Financials of Valor Estate
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 181 | 189 | 102 | 203 | 171 | 90 | 181 | 1,109 | 372 | 36 | 84 | 81 |
| Inventory Days | 24,576 | 1,231 | 1,482 | |||||||||
| Days Payable | 1,746 | 44 | 130 | |||||||||
| Cash Conversion Cycle | 181 | 189 | 102 | 203 | 171 | 90 | 23,012 | 1,109 | 372 | 1,222 | 84 | 1,433 |
| Working Capital Days | 592 | 1,369 | 2,801 | 3,725 | 3,384 | 1,003 | 1,363 | 10,764 | 1,797 | 176 | 1,667 | 416 |
| ROCE % | 2% | 1% | 2% | 1% | -2% | -0% | -3% | -0% | -1% | -11% | 22% | -1% |
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